Climate finance
Nicaragua assumes top climate finance post despite past Paris scepticism
Paul Oquist has been approved as co-chair of the Green Climate Fund, against Georgia’s objection Nicaragua was not a cooperative international player
Why is tiny Nauru getting $26.9m in climate finance to build a port?
Nauru’s biggest donor Australia lobbied for a project that raises tough questions over how climate finance differs from traditional development aid
EU subsidies to a massive gas pipeline clash with climate goals
The European Investment Bank approved a €1.5 billion loan to the Trans Adriatic Pipeline last week. This is why it matters
Indian mogul Mahindra pledges to align with Paris climate agreement
The chair of a $19bn Indian conglomerate committed to science-based targets, saying all efforts to cut carbon ‘have given us a return’
‘We have to change capitalism’ to beat climate change, says Blackrock vice-chair
Top brass at the world’s largest asset manager says the rules governing investments are evolving to factor in environmental risks
The climate solution no-one in Davos will be talking about
Economists say a global carbon tax would efficiently shift the world to safer energy production. So why is it barely mentioned?
Finance researchers are failing to engage with climate change
Despite warnings from central banks and a year of costly climate disasters, America’s leading finance conference is ignoring climate change risks and opportunities
Bitcoin reforms proposed to curb soaring carbon footprint
Revamped cryptocurrency transactions could be cleaner than credit cards, experts say, while the underlying blockchain technology can bring climate benefits
China to launch nationwide carbon market next week: officials
The emissions trading scheme will initially cover only the power sector, not heavy industry as planned, but will nonetheless become the biggest in the world
Macron summit touts green finance progress – despite Trump
Paris meeting showed movement towards cleaner investments by development banks and the private sector, but there was little new money for the poorest
Belt and road countries could emit triple China’s carbon, warns official
Top green finance official Ma Jun tells a conference in Paris that China wants international support to clean up its investments abroad
MIGA: The dirtiest World Bank wing you’ve never heard of
World Bank chief Jim Yong Kim tops the bill at a major climate summit in Paris next Tuesday, but part of the institution is still heavily promoting fossil fuels
India raises $400m green bond to fund renewables drive
Money raised by the Power Finance Corporation will support solar and wind projects, contributing to national renewables target of 175GW capacity by 2022
Rich countries ‘trying to turn climate funds into World Bank’
The rich are ‘renegotiating’ the Paris climate deal by trying to limit access for middle income countries to climate finance, it has been claimed
Fight over finance threatens end of climate talks
As climate talks head into their final hours, a disagreement over how rich countries will report their plans to finance climate action could boil over
Call for polluters to pay ‘climate damages tax’
Disappointed by slow progress at UN talks in Bonn, 50 organisations and individuals demand a fossil fuel levy to compensate victims of climate change impacts
Germans deny Erdoğan’s desire for climate finance
Turkey has threatened not to ratify the Paris climate deal, but a German proposal refused to grant its wish to access the Green Climate Fund
Caribbean diplomat calls for support to address hurricane losses
Hurricane Irma cost Antigua and Barbuda $250m but insurance paid out just $6m, says diplomat, calling for more support at UN climate talks in Bonn
America’s pledge is about more than pollution
US mayors and governors want to show the world they stand by US commitments, but to their African counterparts solidarity means cash
Rich countries not talking climate finance seriously, say African officials
‘We feel that as a region we have done everything we could,’ said the head of the Africa group of negotiators, whereas rich countries were failing on fundamental promises